Key Takeaways:
Litecoin price faces a bearish pressure around $65.
Our Litecoin price prediction for 2024 expects the maximum price of LTC to be at $.
In 2030, we expect Litecoin to attain a maximum of $1,228.
Bitcoin’s price has had trouble maintaining its upward trend after the recent approvals of Spot ETFs, and this has also impacted Bitcoin’s various offshoots, which are also slowing down. As a result, Litecoin is witnessing a steep decline recently and is preparing for a retest of the immediate support.
After a sharp decline in recent weeks, Litecoin’s price is struggling to meet buying demand.
This surge in activity raises several questions for investors: Is it a good time to invest in Litecoin? Or Will Litecoin (LTC) cross $100 in 2024? These are common questions that make predicting Litecoin’s price a bit tricky.
To assist you with these questions, we have prepared a detailed analysis and forecast of Litecoin price prediction 2024-2030. This article includes the latest updates, news, and technical analysis to aid in your investment decisions.
Let’s dive into the most recent predictions for Litecoin’s price for 2024, 2025, and beyond!
Overview
CryptocurrencyLitecoinTicker SymbolLTCRank20Price$65.7Price Change 24H-1.3%Market Cap$5,865,715,463Circulating Supply74,485,583Trading Volume$367,159,933All-Time High$413All-Time Low$1.11
Litecoin Price Prediction: Technical Analysis
MetricValueCurrent Price$65.7Price Prediction $ 75.16 (17.60%)Fear & Greed Index 37 (Fear)Sentiment BearishVolatility 3.79%Green Days 16/30 (53%)50-Day SMA $ 65.55200-Day SMA $ 73.7914-Day RSI 41.82
Litecoin Price Analysis
LTC price faces a bearish pressure toward $65
TL; DR Breakdown
LTC price faces a bearish pressure toward $65.
Resistance for LTC is present at $71.04
Support for LTC/USD is present at $62.2
The LTC price analysis for 8 October confirms that LTC faces bearish market sentiment toward $65. Currently, the LTC price aims for an immediate surge in the coming hours.
LTC price analysis 1-day chart: LTC/USD attempts to meet buyers’ demand
Analyzing the daily price chart, Litecoin is experiencing selling pressure as it aims to drop below $65 support level. After holding around $65, bears are aiming for an immediate drop below Fib channels to break the bullish pressure. The 24-hour volume surged to $3.4 million, showing an increased interest in trading activity today. LTC price is currently trading at $65.7, decreasing by over 1.3% in the last 24 hours.
LTC/USD chart. Source: Tradingview
The RSI-14 trend line has dropped from its previous level and trades below the midline level of 49, hinting that bears are gaining control of the price chart.
LTC/USD 4-hour price chart: Bears aim for a hold below EMA trend lines
The 4-hour Litecoin price chart suggests that bears are increasing their domination to keep the altcoin below the EMA trend lines. Currently, bears are defending a surge in the price chart and preparing for a hold below the EMA20 trend line.
LTC/USD chart. Source: Tradingview
The BoP indicator trades in a bullish region at 0.27; signifying that buyers are triggering a minor upward correction.
However, the MACD trend line has formed bearish candles below the signal line, and the indicator aims for negative momentum, strengthening the chances of a bearish comeback.
Litecoin technical indicators: Levels and action
Daily simple moving average (SMA)
PeriodValueActionSMA 3$ 67.00SELLSMA 5$ 67.51SELLSMA 10$ 66.79SELLSMA 21$ 66.88SELLSMA 50$ 65.55SELLSMA 100$ 67.09SELLSMA 200$ 73.79SELL
Daily exponential moving average (EMA)
PeriodValueActionEMA 3$ 66.07SELLEMA 5$ 65.71SELLEMA 10$ 65.26SELLEMA 21$ 65.22SELLEMA 50$ 67.52SELLEMA 100$ 71.38SELLEMA 200$ 74.55SELL
What to expect from LTC price analysis next?
The hourly price chart confirms that bulls induce buying pressure to hold the price; however, sellers may soon return. If the LTC holds momentum above $71.04, it may climb toward $77.9.
LTC/USD chart. Source: Tradingview
If bulls fail to initiate a surge, the LTC price may drop below the immediate support line at $62.2, which may result in a correction to $49.1.
Is Litecoin a good investment?
Litecoin is an alternative to Bitcoin, making it an appealing choice for everyday transactions worldwide. Additionally, with a finite cap of 84 million coins, LTC presents itself as a potential investment for value preservation, akin to Bitcoin’s role as a digital asset.
Why is the LTC down today?
As Bitcoin price lost its market dominance recently, with the price declining, Litecoin is facing intense bearish pressure toward $60.
Will Litecoin reach $100?
Litecoin price already touched the $100 mark this year; however, it is now well below that price point. By the end of 2024, Litecoin might surge above $100 again.
Will LTC price reach $500?
According to our Litecoin price prediction, LTC price might hit the $500 mark in 2028. However, this rally depends on the future buying interest in the altcoin market.
Does LTC have a good long-term future?
Despite the recent adjustments and potential peak formation, Litecoin exhibits a robust long-term price trajectory and outlook, indicating a very high potential for future growth. If the network continues to witness robust activities and growth, the price might even reach $1000 in no time.
Recent news
Litecoin recently updated its network with “Litecoin Core v0.21.3rc3.”
Litecoin price prediction October 2024
Litecoin’s price shows signs of a bearish move, as it has been declining heavily for the past few weeks. Repeated failures to surpass the $70 mark have led to several setbacks, extending this period of bearish momentum. As BTC price continues to face bearish pressures, Litecoin might continue to consolidate within a tight range.
As a result, we might see the LTC price to record a low of $59 with a maximum price of $75 and average price of $67.
Litecoin Price PredictionPotential LowPotential AveragePotential HighLitecoin Price Prediction October 2024$59$67$75
Litecoin price prediction 2024
Investors are looking for top cryptocurrencies to buy now in the dip, with the market slump hinting at big opportunities. A critical point for Litecoin is its 2023 halving event, which reduced the mining reward. Initially, miners received 50 LTC per block, but the halving lowered this to 6.25 LTC.
This reduction means fewer Litecoins are available, potentially driving up the price if demand remains steady or increases by the end of 2024. However, past halvings haven’t always led to significant price hikes, with prices even falling after the 2019 event.
With a projected network and increasing adoption, in 2024, Litecoin’s price is expected to hit a minimum of $54. The maximum price could reach up to $115., with an average trading price around $80.
See also Dog•Go•To•The•Moon Price Prediction: Will DOG Price Really Go To The Moon?
Litecoin Price PredictionPotential LowPotential AveragePotential HighLitecoin Price Prediction 2024$54$80$115
Litecoin Price Predictions 2025-2030
YearMinimum Price ($)Average Price ($)Maximum Price ($)2025156.72162.03175.252026226.67233.15268.452027323.83335.49390.172028461.29478.06562.12029695.94715.07811.3520301,0031,0391,228
Litecoin Price Prediction 2025
Report from Messari shows significant growth in Litecoin’s network. The coin has been around an all-time high in transactions and active addresses. These figures indicate a strong and bustling network, suggesting good growth potential for Litecoin in 2025.
Hence, the forecasted lowest price for Litecoin is $156.72. According to our analysis, the highest possible price for LTC could be $175.25, with an average expected price of $162.03.
Litecoin Price Prediction 2026
LTC’s growing popularity is seen in its expanding social media presence, particularly on Reddit. The network recently experienced a surge in active Reddit users, reaching numbers similar to those in 2021, right before it hit its all-time high.
If Litecoin’s popularity continues to increase in 2026, we might see a skyrocketing rally. Based on our detailed technical analysis of past Litecoin price data, in 2026, the price of Litecoin is expected to hit a minimum of $226.67. The maximum price could reach up to $268.45, with an average trading price around $233.15. Our Litecoin forecast expects a solid rebound from current Litecoin price with a significant jump in price and market cap following robust developments from Litecoin foundation, impacting Litecoin price forecast in 2026.
Litecoin (LTC) Price Prediction 2027
In 2027, the price of Litecoin is expected to reach a minimum value of $323.83. The maximum price could be as high as $390.17, with the average trading price throughout the year around $335.49.
Litecoin Price Prediction 2028
In 2028, the lowest forecasted price of Litecoin is $461.29. Based on our analysis, the maximum price could rise to $562.10, with an average price of $478.06 for the year.
Litecoin Price Prediction 2029
Our detailed analysis of past Litecoin price data indicates that in 2029, the minimum price of Litecoin could be approximately $695.94. The price could peak at $811.35, with an average trading value around $715.07.
Litecoin (LTC) Price Prediction 2030
For 2030, the minimum predicted price of Litecoin is $1,003. The price could reach a maximum of $1,228, with the average trading price expected to be about $1,039 throughout the year.
Litecoin Price Prediction: By Analysts
Firm Name20242025Gov.Capital$43$141DigitalCoinPrice$173$202Changelly $85$131
Cryptopolitan Litecoin Price Prediction
According to the Litecoin price prediction by Cryptopolitan, it is anticipated that various leading institutions will invest in and start accepting LTC as a form of payment. Additionally, the growing frequency of events likely to influence LTC’s price could enhance its public perception.
In 2024, Litecoin’s price is expected to hit a minimum of $64. The maximum price could reach up to $115., with an average trading price around $80.
We expect the LTC coin price to reach a high of $115 in 2024.
Litecoin Price Historical Market Sentiment
Early years: LTC between $1 and $5
Crypto bubble of late 2017 to early 2018: LTC surged to over $300
Early 2021: LTC hit all-time high of $412.96
Late 2021: LTC closed at $144.56
2022: LTC fell significantly, dropped below $45 mid-year
2022 performance: LTC fell nearly 55%, outperformed the market
2023: LTC underperformed, peaked at $114.50 in July
March 2023: LTC fell below $70 after Silvergate bank collapse
June 2023: LTC dropped to $72.02 due to SEC suing Binance and Coinbase
July 2023: LTC reached $114.50, then dropped to $79.46 by August
August 2023: LTC fell to $61.76 after market collapse from SpaceX and bond yield rise
September 2023: LTC hit low of $58.04, then peaked at $126.26 by September 19
End of 2023: LTC at $72.80, rose 7% while market doubled
February 23, 2024: LTC around $68.20
April 3, 2024: LTC at about $102.40
However, it later declined below $80.
In May, LTC price witnessed a decline from the $90 mark.
In June, the price witnessed further decline and it is now aiming for a drop below the $60 mark.
In July, the price of LTC attempted to climb above $77. However, it faced a surge in bearish dominance.
In August, the price of Litecoin declined toward the $49 level. However, LTC price recovered toward $70 later.
Though the price of LTC dropped in September, it ended the month by attempting a surge toward $70.
This articles is written by : Fady Askharoun Samy Askharoun
All Rights Reserved to Amznusa www.amznusa.com
Why Amznusa?
AMZNUSA is a dynamic website that focuses on three primary categories: Technology, e-commerce and cryptocurrency news. It provides users with the latest updates and insights into online retail trends and the rapidly evolving world of digital currencies, helping visitors stay informed about both markets.
